Things looked pretty good when the S&P 500 was well over 1600. Now it is at 1585, looking at 1600 as "resistance" rather than "support", so in my nimble little treasure trove of Technical Analysis skills, I'd say now is not the time to think about buying. I know this little uptic is tempting but this could be merely a little head fake by the bears for the explicit purpose of luring in our money before they take it back down. My money says to do some research and locate issues I might like to add to my portfolio but hold off in my purchase decisions until I see that S&P firmly breaking back through 1600.

BTW, for those of you who might have been brave or lucky like me to have held your FSLR, did you note the $5 rebound in the last two days on the heels of Obummer's climate control stance? I also have begun to look with interest on CHK, a prominent natural gas producer with a right to a monstrous quantity of untapped supplies in the Bakken. Another is MDU with about 50% of its futures being in natural gas, the remainder in construction materials (gravel, sand, cement, etc.), so they aren't quite so vulnerable in case of another natural gas glut like last winter which was mild and offered reduced demand for heating fuel.

In the report, Bank of America noted, “Our SIRI thesis is buttressed by: (1) the company's unique competitive position (Pandora, Spotify, Apple, etc., not true threats in our view); (2) rapid growth despite a large sub base; (3) low churn, indicative of a highly inelastic business; (4) a unique cost structure, heavily fixed in nature, yielding best-in-class contribution margins; (5) improving financials, with EBITDA margins likely to exceed the company's LT goal of 40% (1Q'13 was a record for both nominal EBITDA dollars and margins, which reached 30%); (6) reasonable valuation considering outsized growth relative to the media industry; (7) an improving auto-market (BofAML auto analyst John Murphy maintains his bullish outlook, projecting SAAR to reach 18mn by 2018); and (8) a relatively untapped secondary-auto opportunity (we give the company little credit for the ~35mn secondary autos sold every year in the U.S.). SIRI has surpassed virtually all fundamental projections we have made since reinstating coverage in Oct. 2012, and appears to be gaining momentum (FCF guidance was recently raised, from $900mn in CY ‘13E to $915mn).”